Combinatorial Probability - ACST212
This unit is a study of techniques for assigning probabilities to events, with a particular emphasis on techniques involving combinatorics. Topics include: permutations and combinations; enumeration of equally likely cases; probability theorems; Bayes' Theorem; expected values; recurrence relations; generating functions; the principle of inclusion and exclusion; and application of calculus to probability. Concepts are often developed using simple examples, such as games of chance, but once understood, the concepts can be applied to many of the traditional actuarial problems examined in several 300-level actuarial units.
| Credit Points: | 3 |
| When Offered: | S2 Day - Session 2, North Ryde, Day |
| Staff Contact(s): | Actuarial staff |
| Prerequisites: |
(Admission to BActStud or BActStudBSc or BAppFinBActStud or BActStudBProfPrac) and (STAT171(Cr) or STAT272) |
| Corequisites: | |
| NCCW(s): | ACST211 |
| Unit Designation(s): | |
| Unit Type: | |
| Assessed As: | Graded |
| Offered By: | Department of Applied Finance and Actuarial Studies Faculty of Business and Economics |
Course structures, including unit offerings, are subject to change.
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